New Delhi (NVI): The Union Cabinet today approved a Memorandum of Understanding (MoU) with Saudi Arabia for cooperation in the field of renewable energy, which was signed on October 29 in Riyadh.
The MoU aims at setting up a framework for cooperation between the two sides in the field of renewable energy, including upgrading of the level of technologies and their applications in the field of renewable energy.
The pact also aims at contributing to the field of renewable energy to raise its efficiency in the national energy combination in Saudi Arabia.
Developing the renewable energy projects in Solar, Wind, Biogas, Geothermal and other fields of renewable energy will also be a part of the MoU.
It will also involve dvelopment and localization of value chain in the field of renewable energy.D
Developing and boosting uses of solar energy small applications for buildings, homes and others is also included in the MOU.
